The 1937 Buffalo Nickel is a highly valued coin for collectors and numismatists. This coin is part of the popular Buffalo Nickel series, which was first issued in 1913. It became widely known for its unique design, featuring a majestic American bison on one side and a Native American on the other. The 1937 Buffalo Nickel remains a prized possession for collectors due to its distinct history, design, and the rarity of certain versions. In this article, we will explore the 1937 Buffalo Nickel, its design features, how to identify it, its value, and more.
The History of the Buffalo Nickel
The Buffalo Nickel was first introduced by the United States Mint in 1913, designed by James Earle Fraser. This coin, also known as the Indian Head Nickel, quickly became a symbol of American pride, capturing the spirit of the nation’s past and its natural beauty. The coin was issued until 1938, when it was replaced by the Jefferson Nickel.
The 1937 version of the Buffalo Nickel was minted in large quantities, yet it remains one of the more fascinating pieces in the series. Several varieties of this coin exist, including the well-known 1937 Doubled Die variety, which makes it a hot topic among coin collectors.
Design of the 1937 Buffalo Nickel
The design of the 1937 Buffalo Nickel features two main elements: a Native American chief and a bison. These two iconic symbols represent the strength and dignity of Native American culture and the wildlife that once roamed the plains of the United States.
Obverse (Front) of the Coin:
- The obverse of the 1937 Buffalo Nickel shows a profile of a Native American chief, likely a composite of several Native American leaders, including Iron Tail, a Lakota Sioux who modeled for the coin.
- The word “LIBERTY” appears above the chief’s head, and the year of minting is placed to the right of his face.
Reverse (Back) of the Coin:
- The reverse of the coin features an American bison, often referred to as a buffalo, standing on a patch of grass. The bison is depicted in a powerful stance, symbolizing the wild, untamed nature of America.
- The words “UNITED STATES OF AMERICA” and “E PLURIBUS UNUM” are inscribed around the bison, while the denomination “FIVE CENTS” is below it.
Key Features of the 1937 Buffalo Nickel
- Minting Year: 1937
- Mint Mark: The mint mark (D for Denver, S for San Francisco, or no mint mark for Philadelphia) is located on the reverse side, near the bottom right.
- Metal Content: The 1937 Buffalo Nickel is made of 75% copper and 25% nickel, with a total weight of 5 grams.
- Diameter: 21.2 millimeters
- Edge: The edge of the coin is smooth, unlike some coins which have a reeded edge.
Value of the 1937 Buffalo Nickel
The value of a 1937 Buffalo Nickel varies depending on several factors, including its condition, rarity, and whether it has any special varieties. Generally, the 1937 Buffalo Nickel is valued at a few dollars in average condition. However, certain varieties, such as the 1937 Doubled Die Obverse, are much more valuable.
Regular 1937 Buffalo Nickel Value:
- In good condition: Around $1 to $2
- In fine condition: Around $3 to $5
- In uncirculated condition: $10 to $20
1937 Doubled Die Obverse:
This is a rare and highly sought-after version of the 1937 Buffalo Nickel. The 1937 Doubled Die is known for its noticeable doubling of the word “LIBERTY” and the date on the obverse. Coins with this error can fetch anywhere from $100 to $300 or more, depending on the grade.
How to Identify a 1937 Buffalo Nickel
Identifying a 1937 Buffalo Nickel involves looking for key design features and mint marks. Here are some tips to help you identify the coin:
- Check the Year: The year 1937 is prominently displayed on the obverse side of the coin.
- Look for the Mint Mark: The mint mark will be located on the reverse, just below the bison. It can be either D (Denver), S (San Francisco), or no mint mark (Philadelphia).
- Examine the Design: The Native American chief’s profile and the bison on the reverse are distinct features of the Buffalo Nickel.
- Look for Doubling: If the word “LIBERTY” or the date appears doubled, it may be a 1937 Doubled Die Obverse, which is highly valuable.
Table: 1937 Buffalo Nickel Varieties and Values
| Variety | Mint Mark | Estimated Value | Description |
|---|---|---|---|
| Standard 1937 Buffalo Nickel | P, D, S | $1 to $20 | Regular issue, common coin. |
| 1937 Doubled Die Obverse | P, D, S | $100 to $300+ | Rare doubled die error, highly valuable. |
Conclusion
The 1937 Buffalo Nickel is an interesting and valuable coin with a rich history. It is loved by collectors for its unique design and the possibility of finding rare varieties, such as the 1937 Doubled Die Obverse. Whether you’re a seasoned collector or a beginner, owning a 1937 Buffalo Nickel can be a proud addition to your collection. Make sure to carefully examine your coins for rarities and consult with experts for valuation. Happy collecting!
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FAQs
What is the value of a 1937 Buffalo Nickel?
The value can range from a few dollars for an average coin to over $300 for a rare doubled die error.
How can I tell if my 1937 Buffalo Nickel is a Doubled Die?
Look for noticeable doubling on the word “LIBERTY” and the date. This is a key characteristic of the Doubled Die variety.
Where can I sell my 1937 Buffalo Nickel?
You can sell your coin to local coin shops, online auction sites like eBay, or through a reputable numismatic dealer.
How can I clean my 1937 Buffalo Nickel?
It is not recommended to clean rare coins, as it can reduce their value. If necessary, consult with a professional.
Are there any other valuable Buffalo Nickels?
Yes, there are several valuable varieties, such as the 1936 Double Die Reverse and 1935 Buffalo Nickel with certain errors.